Given existing tariffs and what’s in store from the Trump administration, you’d be forgiven for thinking the global race toward lower electric vehicle (EV) prices will not reach U.S. shores in 2025.
After all, Chinese manufacturers, who sell the least expensive EVs globally, have shelved plans to enter the U.S. market after 100% tariffs were imposed on China-made EVs in September.
It’s still noteworthy to know that should Chinese giant BYD sell its most affordable EVs stateside, they would still be the least expensive EVs on the U.S. market, being priced under $25,000, even after the tariff.
That makes the announcement from Faraday Future all the more exciting: The California start-up firm says it will provide a business update on two prototypes of its FX brand, the FX 5 and FX 6, at CES 2025.
Back in September, Faraday told investors that the FX 5 would be priced somewhere between $20,000 and $30,000.
Depending on the actual price, and the fate of existing federal tax credits, the FX 5 could effectively become the least expensive EV sold in the U.S.
Currently, the Nissan Leaf EV, with a starting price of $28,140, remains the least expensive EV available stateside. It’s also still eligible for a federal tax rebate of $3,750, bringing its effective price closer to $25,000, at least until January 20.
The next-least-expensive EV is the 2025 Chevy Equinox, priced at $34,995 for the LT model with front-wheel drive (FWD). The Equinox EV qualifies for a $7,500 federal tax credit, which can bring the price down to $27,495.
Tesla has also recently joined the fray toward affordability, with the automaker signaling the 2025 launch of a new sub-$30,000 model, including federal subsidies.
However, the incoming Trump administration is reportedly planning to end the tax incentives on EVs.
All these expected developments leave some wiggle room for Faraway’s FX 5 to offer the lowest price point to win the title of most affordable EV in the U.S.
And if the FX 5 were to be priced at or below $25,000, it could even rub shoulders with BYD’s least expensive EVs.
BYD has launched the third-generation Qin Plus DM-i in China, and the first thing that caught my eye is its price. According to CarNewsChina, the plug-in hybrid sedan starts at 79,900 yuan, which is about $11,980. That’s an incredibly low price for a brand-new car, especially by US standards.
What’s even more impressive is the range. The Qin Plus DM-i can drive up to 137 miles on electricity alone, which should cover most people’s daily commutes without using a drop of gas. Once the battery runs out, the 1.5-liter engine takes over. Thanks to its 17-gallon tank and roughly 91 mpg with a drained battery, the combined range reaches up to 1,423 miles.
Apple won the PC market’s worst quarter, but that’s not the entire story. It won the race by stumbling less than everyone else.
PC makers shipped just 57 million computers worldwide in Q3, which might look good, but it’s a 21% year-over-year plunge (via Counterpoint Research). And despite Apple’s Mac shipments falling by 11%, to 5.6 million, its market share rose from 8.7% to 9.8%. How did that happen?
Update (October 22 23:54 PT): In response to our query, GM clarified that offline recording support is already available on eligible vehicles. Like Tesla's Sentry Mode, it requires owners to connect a USB drive to save incident recordings, which can be viewed on the vehicle's infotainment screen. The upcoming Connected Cameras feature will build on this by giving owners remote access to these recordings via the revamped OnStar app, allowing them to check footage without walking out to their car.
General Motors has announced plans to add a new Connected Cameras feature to its OnStar service starting next year, giving drivers a way to monitor parked vehicles remotely and capture footage of certain incidents.